Chinese shares have rebounded after several days of volatility which have threatened to destabilise the world’s second largest economy.
The Shanghai Composite in mainland China surged 6.8%, while Hong Kong’s Hang Seng Index rose 4% a day after suffering its biggest drop since the financial crisis.
A flurry of measures announced yesterday included a government order to state companies and executives to buy shares.
Chinese state media are reporting that authorities are investigating “vicious short-selling” and cracking down on operations which could be in breach of trade rules.
